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Title Insurance OIR Pokes a Sleeping Giant

OIR says the reports paint a picture of a greedy title insurance industry ripping off Florida consumers by charging excessive fees to make huge profits. "Most Florida consumers of title insurance

By Phil Galewitz | Updated on September 30, 2006

Armed with studies showing huge jumps in profits and premiums, Florida’s Office of Insurance Regulation (OIR) has launched the first volley in what may become a pitched battle for its members.

OIR says the reports paint a picture of a greedy title insurance industry ripping off Florida consumers by charging excessive fees to make huge profits. “Most Florida consumers of title insurance services appear to be paying more for comparable title insurance than consumers in other states,” concludes one of the studies.

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